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Tipsheet

Lock and Load: Gun Sales Way Up, Business Booming

It looks as though people are exercising their Second Amendment rights in a big way, and I like it. Guns are big business, people are stocking up and one Las Vegas range owner is hiring female military veterans to teach others how to shoot.


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But people aren’t ust spending money shooting at the range, in fact, gun sales have recently skyrocketed as the November 2012 elections approach.

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Alan Korwin, author of nine books on gun laws, including "Gun Laws of America," says gun owners are worried that the president, as a lame duck, will clamp down as never before on gun ownership.

Parsons says about 40 percent of Armory customers cite this fear as their reason for stocking up on guns and ammo now, before the election.

"Frenzy" is the word he uses to describe their buying. Dollar sales for the Armory are up 30 to 40 percent this quarter compared to last. Parsons thinks his store's performance is indicative of sales nationally, based on what he hears from dealers, suppliers and other store owners.

Gun maker Sturm, Ruger says that in the first quarter it received orders for more than 1 million firearms--so many that it has now had to stop taking orders. Says a notice on its website: "Despite the company's continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders. Consequently, the company has temporarily suspended the acceptance of new orders." It expects to resume accepting orders, it says, at the end of May.

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Now that is how you stimulate an economy.

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